first of all. not to create the conditions at the beginning of the crisis to fight against the crisis it reacts very late. and on the other hand once the government. what to do. to go roaming the snow doing their job properly look it's all good in the noto for people to wake up otherwise we'll just become slaves to the system who want to be treated as humans and they believe they can make a difference. the government has to change things because they don't have a choice. with greece in shambles and neighboring portugal trashed by the rating agencies spain is facing not just a financial but a deepening social crisis members of the so-called indignant marches say they want their dignity preserved but whether their calls will be heard is another issue even . madrid. well there is more bad news for greece to well its credit score has

dropped to just one notch above default following last week's second bailout package and ratings dry moody's says rejigging the debt implies substantial losses to private investors and financial journalist johan van overtveldt says the rescue package is nothing more than banks paying other banks. we're bailing out the banks and we wouldn't be that soft i presume with greece if there wasn't the problem of the french and the german banks not only of these two countries but of course there are the major players in this if they were in that vulnerable to the greek situation and beat were throwing money at the banks through greece this package will certainly not help the greek economy the greek economy needs growth and since you're in the midst of a very bad recession you are blind to the country to cut spending to increase that . then throwing some money at it is not the solution greece is now effectively in

default because if you calculate on the net present value what private bond holders will given you amount to a value reduction or for you come to a value reduction of around twenty percent in europe we don't have a political union and we don't we certainly don't have flexible labor markets so from the beginning. there were huge weaknesses in the whole construct of the monetary union in europe and my big surprise is that it has lasted ten years before through this kind of crisis these weaknesses came to the surface. on the other side of the ocean american politicians are still tussling over how to raise the country's debt ceiling republicans and democrats argue secretary of state hillary clinton has been trying to calm nervous investors that they will meet next week's deadline but economic analysts march and had to says it's already too late. the

united states is essentially bankrupt in any case if they increase their debt ceiling actually as the chinese rating agency dugong has been saying even if they find an agreement and they increase the debt ceiling is going to be as a result more dead so the u.s. has thirteen point five trillion of dead and that's just the nomination of their budget it's not even the fiscal gap including all of the unfunded liabilities that the united states government actually keeps of the books and if you include this figure real looking at two hundred trillion us dollars of it's absolutely beyond control and old timidly it appears that the united states will be facing a sovereign debt crisis very much along the lines of the so-called pigs the. periphery there's a bit also the other european story supposedly stronger countries soviet specter a major major sovereign debt crisis from the major western countries suggest the investor should stay out of that region and look for

a look for gold through our commodities to help protect against what's going to there's a lot of talk always in the rest of odds with dangers of china china's military growing and how much of a risk this poses to asia and the rest of the go but if you're looking at how much the united states is spending on military versus china it's totally disproportionate the u.s. is spending a lot more the only difference is the u.s. is doing there is borrowed money and they can't afford it so you have to and so on . well there is still much more to come on the program including the cost of war as nato forces if not a sad cause more civilian injuries we ask how much longer the alliance can justify its means as afghan troops grow. and the legal fix from the pharmacy r.t. reports on the russian addicts painfully killing themselves with a drugstore cocktail because it's cheaper than heroin. now the man who was admitted at norway's twin that deadly attacks has been charged with terrorism.

at a closed court hearing in oslo brave big pleaded not guilty saying he wanted to save europe and send a strong warning signal thirty two year old who will be held in isolation for four weeks also claimed there were two more cells in the organization he belongs to be scattered all going to country is still in shock by the bombing of government buildings that are slow as well as the massacre at an island you kept last friday police have reduced the number of victims to seventy six saying there were problems gathering information and on monday the nation held a day of removing a minute of silence for those killed in the atrocities that's the good of journalist tony gosling says police may have already been aware of bravery. it was interesting that the police said they never come across him before the norwegian police but i wonder very much i wonder if the secret service in norway has been watching him because it was very strange that when he was first arrested

on friday the police actually called out his name to him now it was very i would be if they would have actually known as they first approached him what his name was i would have thought that from the arrest point that's where the investigation would have started from this guy obviously needs to go down if that's what the jury finds and let's make sure that he's not free to roam the streets because what concerns me is some of the right wing terrorists we've had in europe over the last thirty forty years really still are this is from the operation gladio and other similar operations by nato still are walking the streets. that was investigative journalist tony gosling talking to us there. now five afghan a children have been injured in an attack ad by a british apache helicopter they were working in a field in helmand province are saturday where you care forces were targeting an insurgent on a motorcycle here by now almost fifteen hundred civilians have been killed this year which is already the deadliest since the invasion started in two thousand and

one of peace activists lindsey german told me earlier that the alliance's actions prove that war isn't working i think that it will just convince more people in afghanistan that the war isn't helping them but it is actually killing and injuring more and more people so it isn't working it isn't going to work when you have a war where the reserve growing insurgency will bury all sorts of people who are victims of this and children are obviously one of the worst of the casualties the only solution to this is the war isn't working it has there is absolutely no justification for the nato forces to be there and that they should withdraw the troops this is now coming up to the tenth anniversary of the war and there is absolutely no question that this war is not getting better it is getting worse it is almost certain that whatever settlement eventually comes in afghanistan it will

involve the taliban in some capacity nearly everybody now recognizes this so what is the point of continuing this war the point of continuing this war is because the americans and the british and their allies cannot admit defeat in the second country after what happened in iraq that is why they're there they are there in order to prop up a government that they have no real confidence in they are there in order to save their own faces they are there to protect their interests they're not there to protect the ordinary afghans and we've seen this again this week. now that was lindsey german from the stop the war coalition and now in the shadow of nine eleven the u.s. embarked on a mission to root out terrorists but it led to a network of secret prisons and seizing suspects often without much evidence now after years of torment many of those accused have since been released and later we hear from one a former and the brutality he enjoyed. i saw many people got killed on the torture

and so. i was one of those who survived those kind of closure on myself they used electroshocks because i will not sign papers and. i was forced to agree that i may be a member of probably going to go and i was. even really i didn't know at the time what used to be when they asked me what i tried to tell you and i said i'm not a member of them and they brought me papers forced me to sign i refused and. they forced me to write me to sign making. electroshocks and all the time the. water treatment it's normally on the water boarding and all the time they hang on chains i had chains on my hands and i was hanging on the ceiling that was pulling me on the ceiling with a chain and into my feet used to be over the floor and i had no clothes on so i was

hanging around for many days then the interrogator came he pulled me back down and . going to sign almost every time when i said no he just made like this and they pulled it up. you can watch that interview in just over an hour right here on our t.v. or you can catch it right now online at r.t. dot com there's also more on all the stories we're covering on air and here's what else you'll discover there today america swap. combative for corporate in iraq the troops are finally leaving but they're being replaced by private contractors ensuring that the us grip remains. also getting in a lather over the prime minister as scantily clad a car washers display their devotion to the love of cars it's not the first time young women have shown support by shouting clothes i'll be explain to you what

r.t.e. dot com. now the last a serbian fugitive wanted by the un a war crimes tribunal has appeared in court got on hard faces fourteen at charges including crimes against humanity during the balkan war in the one nine hundred ninety s. and serbian officials hope that his arrest will clear the way to e.u. membership because artists are furth reports many serbs remain skeptical as to whether it's worth joining at all. so far the tribe you know has indicted one hundred sixty one people and most of days have been serbs and there's been a fair amount of criticism certainly from the public opinion he he the hague tribunal is acting with political and not necessarily legal in chess there's also strong public opinion here that although the government very much looks to the west that people have really don't feel anymore like joining the e.u. is necessarily going to be and that all their countries interest they only have to

look to greece to italy to spain to see that joining the e membership is not the answer to the country's problems in fact in many cases it could quite potentially bring many more and yet is something that we still see the serbian government really pushing for now a lot of people saying that really they beholden to brussels wishes they were supported by brussels when this government was put in place they got the parliamentary elections next year and elections the year after that so certainly they're going to be using the arrests and the certainly going to be using the candidacy for the e.u. if that ends up happening as a reason for the public to vote for them now that remain a number of obstacles in the way nonetheless one of those of course is forces but now we know a lot of the member states will be pushing to serbia to acknowledge cause this independence as they have here within serbia that is extremely

unpopular with the public opinion and we've had to do that for any government to come out and make that agreement would be political suicide. well diana johnstone who's written extensively on the balkans war says the hague court was set up to bring only one side to justice. the tribunal that it is indeed set up may need to to back the needle brewton of the bugler stock prices as being the responsibility of the syrian joint criminal enterprise i don't think there would be is more corrupt and other countries are already admitted to the e.u. but i think the thing is is this really in the benefit of the benefit of the. if you listen to what the europeans are saying they're saying up another brutal has been crossed they're not saying the last hurdle there is saying an important hurdle and the other hurdles remain namely is that the recognition by in serbia over the

recall off over the problems of kosovo they seem to miss return to the group that is in power we can prove that is that the united states and new european union is in fact ready to give away everything that can be given away oh it's only a question of how they can formulated in order to get it in voters'. was balkans expert diana johnstone giving her appraisal of what will come out of the had a trial. how diverse have recovered all the bodies from the russian a pleasure boat that sank in the volga river two weeks ago now out of the two hundred one people on board the ship one hundred twenty two were killed the bulgaria has been raced from the riverbed and has been told to shallow waters where investigators can piece together the ship's final moments to discover how the tragedy happened but will then be destroyed so that no part of it can ever be used again another bulgaria went down in just three minutes and only seventy nine people managed to escape and the captains of two vessels that sailed by the sinking ship

face criminal charges for passing by without stopping to help. and warm more world because that is in brief for you this hour the syrian government's stop to the law to allow political parties other than the ruling baath party opposition crew. had been the ballot for almost half a century now a multi-party political system is a key demand of the anti-government protesters who have been staging a four month uprising the army is still coming down hard dissent against the regime detaining scores of people in the capital and its suburbs. the new york hotel maid who accuses the former i.m.f. chief of sexually assaulted her has gone public now face up to a deal or has told newsweek magazine that she's telling the truth about the attack in may and that she wants to see dominic strauss kahn behind bars you thought these are considering whether to drop the charges against him amid doubts over her

credibility. denies all the charges. hundreds of gay couples got married in new york on sunday will be american state has become the sixth most populated to recognize same sex unions the i do's began at midnight to the cheers of applause of family and friends while thousands condemned the weddings at rallies across the state. and heroin addicts and rush are turning to a cheaper deadlier alternative and its ingredients are all too easy to get hold of well the drug cocktail is known as crocodile and its main element is the painkiller which the government now wants to restrict the sales of our god never ports on the lethal narcotics increasing use and you may find some of the images subsetting. they call that crocodile because its users skin turn scaly before it falls off virtually unknown ten years ago it's a mixture of petrol solvents phosphorous and most importantly cheap medicines

containing the painkiller kodi in it's now become rich the second most popular drug of the heroin which is the cheaper and more easily available alternative injecting this lethal cocktail rot he uses flesh in months most die within three years i have only been using it for two months i wish i never started. the government's come up with a simple solution for now i can still buy code being containing drugs off the shelf but from next year our words are need a prescription to do that statistics show that nearly half of russians use these drugs on a regular basis the vast majority of them for completely legitimate reasons so in their fight against drugs is the government going too far as and throwing the baby out with the bathwater. coding is sold over the counter in most western countries but its sales have doubled in russia in five years and many say this is not a coincidence i think it was a mistake to start selling coding without

a prescription in the first place by making it the most easily available opiate it spawned this problem yet expert opinion has been divided some believe that this doesn't do enough to tackle the social cause of addiction and punishes innocent consumers. there is no efficient system in the country for issuing prescriptions so the people who will suffer for the ordinary pensioners and housewives who need those medicines. a drugs den and the moscow suburbs we came here to ask what the users themselves think about the new law. i don't believe it would change anything those who want to take drugs will take drugs we will buy them from the right pharmacies and if we don't get them to use something else we will always have something to inject either of nerve r.t. moscow a few minutes the bounty hunter is making a big bought by changing tack in the us but first corina has all the latest in

business. again welcome to our business report here on r.t. question the economy looks good the g.d.p. has returned to pre-crisis levels exports and imports are reaching new highs salaries are up and deposits have doubled since the beginning of two thousand and eight however analysts believe it's still too early to celebrate. they call me is no longer enjoying their. surplus i mean when budget surplus and current account surplus the budget is now in deficit and my biggest concern is that the government has postponed the normal budget plan in till two thousand and fifteen until then the government is still using the oil revenues as normal we've heard about fifty percent over budget revenues coming from oil run in their fiscal deficit over three percent is really dangerous creek anomic stability now russia is running in

a budget surplus but the price drops to seventy eighty it will immediately run five seven percent budget that's. take a look at the markets now all is declining for the first time in five days after president obama and congress failed to agree on raising the u.s. debt ceiling boosting concern that the government will default by swedish trading at ninety nine dollars a barrel and brant is at one hundred eighteen dollars a barrel gold has surged to record highs as investors seeking safe haven the mid debt jitters and global exchanges gold is trading at one thousand six hundred twelve dollars per ounce this hour and silver at more than forty dollars per ounce u.s. stocks pare losses as a rally in technology shares helped you raise an early slump that's up to cover leaders failed to agree on a deal to raise the nation's debt limit to avoid default airline stocks decline after severe cuts of greece's credit ratings raised fears that the u.s. could follow and markets in europe closed mixed on monday with the footsie in the

red and the dax a quarter of a percent hire bank stocks led markets lower in london lloyds banking group at barclays lost four percent and commerzbank was down over the a half percent in frankfurt. and russian markets and mixed with the r.t.s. closing in the black and m i six winning over a quarter of a percent lower stocks fell by their most in a week at monday's trading with energy majors the main try. the climbing food stocks were down during the day finishing slightly high at the close telecom was slightly better than the markets these stocks like to waiting on its own the past couple of weeks ignoring market trends and pointed over was up two percent of the gold mining choice here and now the record high price for gold. today we've seen most financial indicators share rather they miss some past summaries revolve the u.s. debt deal with the lawmakers do not treat any agreement here so basically we see

oil trade in the ground around one hundred seventy in. major european indices or rather i was serious and p. futures trading minus ten points in person to the friday's close so everyone is waiting for some news about the us dept why am i such a wise to assume financials buno under pressure were better buying can pretty beyond a perform in the market last week we've also seen some do some move with no attack and a roll call of which were among the top performance in the market also russian oil majors live cross nafta lou called perform a battleground for instance gas problem. the wheels have started turning in the joint venture between time maker pirelli and russian technologies they bought a tire factory from petro chemical giants the deal is worth around two hundred million dollars the plant has capacity of seven million tires a year the partners want to boost their production capacity by fifty fifty percent with a further acquisitions the joint venture is expected to earn five hundred euros by

two thousand and fourteen and to get a fifth of the russian market. and at least second largest utility as sun has renegotiated the pricing of its long term gas contracts with russia the italian company says it might be able to save up to two hundred eighty million dollars industry analysts believe the agreement could have a wider impact on other european operators many of them are seeking to renegotiate long term gas contracts with suppliers from russia and algeria. russia has revised its grain output for two thousand and eleven to almost nine hundred million tons from the previous eighty five million export forecast has also jumped by three million eight hundred million for the year that's after the country lifted its ban at the beginning of the month vice president of the country's grain union says exports in july could amount to one point nine million tonnes but he says drought fears around the globe aren't critical cleared nurtured years the latest data from

the u.s.d.a. shows that they have reduced the forecast for green in a week reserves all these structures don't make the situation critical yet but with experts forecast of the twenty thirty or forty percent drop due to the drought we are only seeing a seventy eight percent drop which is not critical for the global market. that's all the business for now i'll be back with more in about forty five minutes tony that.

feel. limited to just simply. it's. just some a. band.

well. the british study done it's time to. find out what's really happening to the global economy cars are employed. in some beaches but she's available in hotels a story and a little. speech we kowtow to troops on the soto the true speech otoh.

in a sea of others you visit. welcome back now here's a recap of the main stories we're covering today on t.v. thousands of spanish demonstrators are venting their fury over soaring unemployment at the government's handling of the struggling economy the protesters accuse their leaders of. instead of focusing on the people's needs. to reassure its nervous investors that it can to stave off

a pro-choice default even though the president continued to squabble over how to lift the fourteen trillion dollar debt. to remember the victims of the also bombing as well as the massacre at an island police have reduced the number killed in attacks to seventy six saying there were difficulties and gathering information. about hunters have been around for centuries but even they are having to adapt to changing times when our special report we discover who is on their hit list these days that's coming up next.

after weeks of.